Markets: It’ll be a short but stuffed (get it) week for investors. In the lead-up to Thanksgiving, when markets will close, we’ll get another batch of earnings reports and minutes from the previous Fed meeting. Traders will have to clock in on Black Friday for a half day.
🐭Disney shocker: Robert Iger to return as CEO, Bob Chapek ousted
In a stunning reversal, the Walt Disney Co. ...
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” boardf chair Susan Arnold said in a statement. “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”
“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide–all of which will allow for a seamless transition of leadership,” she said.
Benchmark U.S. crude oil for Decemberdelivery fell $1.56 to $80.08 a barrel Friday. Brent crude for January delivery fell $2.16 to $87.62 a barrel.
Wholesale gasoline for December delivery fell 3 cents to $2.42 a gallon. December heating oil was unchanged at $3.52 a gallon. December natural gasfell 7 cents to $6.30 per 1,000 cubic feet.
US Drillers Add Oil, Gas Rigs for Third Consecutive Week
U.S. energy firms this week added oil and natural gas rigs for...
U.S. energy firms this week added oil and natural gas rigs for a third week in a row as relatively high oil prices encourage companies to drill more.
The total oil and gas rig count, an early indicator of future output, rose three to 782 in the week to Nov. 18, its highest since March 2020. That puts the total rig count up 219 rigs, or 39%, over this time last year.
U.S. oil rigs rose one to 623 this week, their highest since March 2020, while gas rigs rose two to 157
